ASIAN MUSLIM CULTURAL CENTRE ACCOUKTS FOR THE YE4R ENDED 31 MARCH 21Y23 Ferguson & Co 651 Mauldeth Road We8t Chotlton Manchester M217SA
TABLE OF COENrS Ttee$ wd Professional Advisot8 Ststement of Tnjstees, tesponsblities Statement 0£ ftnanLial activrties 13 Notes to the accounts
Pgge I TRUSTEES AND PROFESSIONAL ADVISORS Mr. Aasif Hazi Mr. Fit072bAnu Ahmed Issa 5 . 7 SUthedd Avellue HSBC Bank PIC 15-17 Praed Street 72 INJ Ferguson & Co 651 Mauldeth Road West Chodton M3nthcster M217SA
P•ge 2 TRUSTEES REpoiYf FOR THE YEAR ENDED 31 MIR YJ23 The Truste£s preseot tTreir teport and Statemrllts of the cbatity for tbc yejx endcd 31 Mar in aote I to the accounts coffjply with tbe dwitrfs ttust deed, the Cknbes Act 20112nd pxep¥Jxng theit xcounts in xC0rd¢t the FinUci Repw Stafjd•rd ApplÉc2ble io the UK and Republic of Ireland publithed (FILS 1021 (effeaive l January 2015). grATUS A8ian Mu8]im Culttygl Cenue ts a ttgistera4 charity ulldtt numlxr 1113292. It has tto taxable aCtiVAties 9Ad thttefoTr not Jilbk ts) UK taxattsXL It is. Ib)weve4 un•ble to rec]1 VAT on The ttlL8tees of the chariry. WLdcz the ttust dee4 are known gs Board members with votin8 rights. TheF have no bet)e6cial intewt in the cJ)ariry. AII tTh$tees give tr time voiw?tauly and receive no lnefits from the dJatt¢y. Auy cJpcnse3 rrfknimed trom the C}Lty Set t in 9 to d aLXOUllts. Recruitment and App)Antm¢nt of Tru8tee8 requir¢m¢nts of th¢ membu5 of the Managt CA)mrnittee shall hold office untxt the end of All new trustees are givell an iuctiO0 when thry stsrt whirh them up to date ttiformtion on vmrk of the tEustres. Bekgotund The objects of the Asiati Mudim CulbJf21 Centre Cthe (]lt att as foIiows: the blIC benefit in We5tminstet and sUttCdts)g and xn Pa foz the benefit of those mCMbe of the public who are sMusiin)s'. l. By ttlievg pu80r 3ff to need by re8son of . age or infirmiry. 2 By advanang education in Arabic and other knwges and subFcts. 3. By advancing the Isiarnic reliwl the Issa fao)dy. oFned 2 Mosque in a budg that they OWL The Chiry also operar2$ 2 Madrasah vi2 a third patty from yne budthg. Othu proiects of d Chatity indude a well buddmg proiettin IndiL At this point dwiry ha$ four Ltiistee>
Page 3 TRugfEES REpoKf FOR THE YKIR ENDED 31 MAR a)23 (coNfINUBD) ]isted below. (•) Ftidy Fiiday is the holiest day of dLe week Muslims and speaal pTryus aff offered atouud eady fterrtoort on tbi4 dy. (b) Ramadhan the day. The nourkal prayets #tlettdd by aFme werage numbets and sptsi21 prdyeL5 offerd i Rgmakn Duriog the last tcn day5 of Ramadkn the ccntte ts opea 24 hours of the &y. (c) Fads plays its foll tok in setVAng the need of the cotnrnuniry. The first FAd is telebrated at the end of Ramadhan to njark the pa58iog olthe hoty moath and the second one is lld aPPXIMatY two and half ]ater to cekbTXtr the end ol the anoual pilgnD]¥ to Mecc4 the Hail. Fitiaticial Review tn the year to 31 Mr 2023 the chAnry h¥d 2 totsl Ancome of £41,798 (£127.778 - 2022) 2nd expenditure o6£32,1091£50.968- 2022) This rewjted in g net sutphts for the yeAr of £9.689 (fj6.810. 2022). Ikning thi5 pend the charAty have used Sjnds collected in the uttrtJ)t pexiod to Inaintsill actxvity levds. At the end of the fIrK yr unresthcted St( at £157252 (£14763- 20¥. Iove•lm¢nt atMI policy The cash balance held in u1¢5r11ctcd rtsetv¢s at 31 2023 Wds £71702 (£63.013- 2022). The The Tntstees o)nsider, bavti¥ to the budget the next twdve month4 that tbe cblty is a gomg concern. RA$k Mawtment The trnsrets have Cacted 3 of the major Eisks to which the C1 is twsed attd systems have Etcn e5tsblisl*d to mitsKate th(ffje tL8ks.
Page 4 TRUSTEES REPORT FOR THE YEAR ENDED 31 MAR 2ty11 (CONfiNUED) ith applicable law and Uni] Kingdom Aco)uni1 StatsdaEth (Uoxted Kthgdom Generally Accepted Placti). $tatemctit5 for each ye2r Trwhb give x rtue and fairvTh of thc stste of aff3tt5 olthe dtIty and of the In ptepring the ts. the Ttee att Iquired I Sdect suitsble accounting principles axMI t0 appty them consistEndT. 2 Observe tbe medK)ds 2nd principles in the 4¥]icabk Clwiiies SORP. 4 Stste whethu applicable ounti $(xlldards have been Eollowed, subject to Any matctial depatwres d)at must be disdosed explain iti the ststenxn 5 Prepare the fjnancjal stst20)eot$ on a COtr bgsis unless it is apprnprate the ptrsume The tnL8tees are re8pon&ble for keepipEoPer acCoullti 0)rdS that dxsdose rta$onbk fJn2oci21 ststements compty with the Charities Act 2011. rhe app]icable CEwxiies (Accounts and Rq)orts) Re]lations. aAd the prnvisioo of the Trust detd. They are a150 te8ponsAbk for safwa8 the assets of the chlty aod taki reasole 5tcps for the preyentkon and detthtion of hxud and Ttustee Date." 0510 éILolL4
Pgge 5 I teport on the accounts of the cb4aty foI the year ended 31 ltrlarch 2023 whith are set out on Fagcs 6 to 13. The chatitys trustres are responsbk for the pttparation of thc accounts. The ch2Eirfs trustees conslder that an au(IAt is not ttquired for tbi8 year under section 144P) of the Chxtities Act 2011 (the 2011 Act) It IS my ttSEwiMity to: ¢xamine the accounts uttdet section 145 of the 2011 Ac¢ follow th¢ ptocedutes laid down in the gette Dtr¢ctiotis giverA by the Cl)atity CotntDission under sec1ion 145{5}(b) of the 2011 Ac¢ 2nd state whether pattiatht njatters bav¢ come to my attentioiL Cornmtssion. An exatilltion indudes 2 revi¢w of the accoullttng trcords kept by the dwity and a COmPAtison of the accounts preted with those recon4& It a]so includes consideratson of any unuswl ttttetr. The pwcedur¢s un&rtaken do not ptovide all the evidence tbat Twoukl be tequtted iti an audit 9nd consequendy no opinion is as to whcther th£ accounts ptt8Cnt a-ttue and Ait and the to k¢¢p accounting ttcotd5 in accotd9nce with section 130 of the 2011 At¢ and Accounw iequitenwts of th¢ 2011 Act h&ve aot been or accounts to be Teach Muhammad Tayy b (FCCA) Ferguson & Co 651 Maukkth Road We8L Chotlkn4 manchty. M217SA Date: 90?4.
Pagc 6 For the year etsded 31 March %Y23 2023 INCOMING RESOURCES INCOME FOR THE YEAR 41,798 127.778 41.798 127.T78 LESS: RESOURCES EXPENDED Cost of generatitig fund8 30.651 50.507 34 Support costs 1111 lJ98 427 TOTAL RESOURCES EXPENDED 311 50,968 NET INCOME FOR THE YEAR 9.689 76.810 BALANCE BROUGFrr FORWARD 147563 70,753 157A42 147J63 The statemeot of fJnan¢ial actiVAiie8 inchu4es all aod Ic*ses in the ye#L Alliticoming r<source5 9nd The notrs on 8 to 13 Eorni pan of these account&
PAge 7 FIXED A&8ETS 85.7YJ 85.750 Debto Cash at baok glld iti hand 7£71f2 71702 63,013 63.013 CREDrroR&. AMOUNTS FALIJNG DUE 71.2 61A13 157252 147 147563 9ffi89 157252 70,753 76,810 147.563 for that ptep9Tation. Tm8tee D*te: 051o£lLo¥ The notes ofA FAges 8 to 13 fonnpart of dK6e Accouots.
Pgge 8 NCYTES TO THE Accouwrs Fot the year ended 31 hlatth 2023 l. AccouNfING POLICIES The ptinapal accounting policies adoptrl judgments and W soutces of estitnation Wlcettty in the pteparation of the fin4nly stat£ments ate 8s Eollows: Basi8 of accoutttiDg The fifwicial statemeots have been prq)ared io accordance Ivith Accounting and Repotw by Clwities: Statement of Recommended Practice appjicabk to chzriti¢s prepating theit accounts in xccofflance with the Financial ROtting Stand2rd applicable in the UK and R¢public of Ireland (FRS 102) tssued on 16 July 2014 (as updated thro Update Bulletin I pubjished on 2 Febnwy 2016) . (Ch#llties SORP (FRS 102}), the Finartc1 Repotting StAt]d2rd applicable in the UK and Repub]ic of Ireland (FRS I(Y2) Cl)atities Act 2011. Preparation of the accounts on a going concern basis The Lntstees considet that thete ate no material uncetsinties about the charitabk eompgarfs ability to The ttee5 do not considet that there ate gny sources of esiimation uncett*inty 2t the tfprtsng date that hav¢ a sw]ificaftt iisk of Causing a maknial adJ'usttDellt to the c•trying atnount of gssets and liabl"tieS Witbi Income recognition Inctsme 15 recognised when the charity hxs entidement to the fi)nds, any perfornjance conditions attached to the itenJ{s) of income have been ll It is probable that the income will be ttceived and the amount Can be measured rebabty. DoDAted Services and facilities Donated profe$siotd services and donated fa¢iliti¢s ate recogni5 as income when the chatity has control over the item. any conditions associated with the donated itcm have been me( the receipt of econotnic benefit from the use by the chlty of the xtetn ts ptobgble and that economic benefit can be n$Ted reliably. In accordance with thc Chatities SORP (FRS 102), genet31 volunteer time is not tecogtiised: refer to the tnteeS annual T4 for more itifonnation ?EM)Ut theit contllbutioiL On receip¢ donated ptofessional setvices And donated faciliiies ate recognised on the bASiS of the vahTe of the to the chatity which is the amount the cltity would have been to Fay to obtain services ot facilities o£equivalent economic benefit on the open nthtke¢ a corespondmg anM)unt is theo r¢co8nised in ditute in the period of ttceipL
Page 9 NOTES TO THE ACCOUNTS (CONfINUED) Fox the year ended 31 March 20 Cuttent a88et inve8iments The charity holds no invcstD]cnts Taxation Fund accounling Unrestricted ftmds are avajjable to spend on activities that fllrt1 any of the putposes of chaTAty. Designgted funds are ttricted funds of clkatity which the tntstees have decxled at their di8cretion to set aside to use for a speafic putpse. Restticted fimds are donatio which the donot hLs sperificd are to be soldy used for p8xtscu areAS of the clwÈtys wotk ot fot specific projects being tmdertgken by tILe chatity. Expendiwr¢ rectrdnised once thete is a legal or constnjcttve oblgtion to tr&e a payment to a thitd paty, it i8 Ptobabk tht settlement be tequited and the 9mount of the obh8ation can be ttiemd teliabty. Expenditute i8 dAsskfitd under the Eo]lowiog actiwity headm85: Expenditttre on chatitsb]e actiFites inchmaes the costs undeth to fittthet the ptoce55 of the th•ity and theit a5so(aated SUPEM)rt costs. Itt¢¢oVabIt VAT is charged as a cost 88aitiSt the xctsvity for which the expthditure was incutted Allocation of sUPtt C06ts Support costs are those fi]nctions that aS8iSt the wodt of the cbatity but do not (li• uad¢th ChItable activities. Support tosts iociude back office costs. financ4 petsonaeL pAyroll and govemwce costs whicb support th¢ cb2titrf8 pmgt2mts and activiiies. Operating leases Operatitig leases le¥es in which the tttle tn the assets, and the Iisk$ 8nd tewards of ownetship. remain tvith the lessot. Rentsi charges are chargoA on * Sttaght Jine bA8iS over the te o£the k8s¢. TangAble red a86ets Individual fixed assets costing £500 or nwte ate capitslised #t cost and are deprecigted over tbeir estimated usefiTI economic lives on a sttaght ]ine basis as lollows: Fixtutes & uipMent 25 /0 on c(X8t Computrrs & Equipment 25 /0 on cost P]gy EquIPn1t 25°/o on cost
Pag¢ 10 NOTES TO THE ACCOUNrs Fot thc ycat ended 31 MaKch 2ll Debtot8 Ttade gnd othet &btots *te recognised at the setdement am<)ullt due after any trade discount offeted. Prq)ayments are valued at the amount pred net of any trade discounts du& Ca8h at bank and at haod The charirfs cash at bank and in hand indudes the availability of fidS as at 31 March 2023. Creditor8 and provi8ion8 Cteditors and provisions recognised Whe the cbarity bas a present ob]gAtion resuIting from a pxst event that will ptobabty result in the tt3nsftt of funds to a thjrd party and the amount due to setde the oblig2tion can b¢ m¢asured ot cstitnatcd reliabty. Ctcditotr and ptQFisions atr nonnally recognised at theit settletslt amount #ftet 2llowAng for any trade discounts d The charity only has fjllanctsl assets and finanLtsI I)11S of a kts)d that quobfy AS basic finallcial measured at their settlement Vglue witb the exception of bank loans whith gte subsequendy measured at amortised cost usmg the effective ioter&st metho(L 2.STAFF cosrs 20 2D22 Stsff s21atie4 E'et NIC & Pension The avergge numbet of employtt dutillg the Volunteers
Page 11 NOTES TO THE AccouNrs Fot the yeat ended 31 Match 2023 3. TANGIBIE FIXED ASSErs IAnd & TOTAL COST At l Aplll 2022 85,750 85,750 At 31 Matcb 2023 85.750 85.750 Nrf BOOKVALUE At 31 Matcb 2023 85,750 85,750 At l Apii] 2022 85.750 85,750 4.DEBTORS 2022 Thcre are no debtors S.CREDITORS 12(M) 1200
Page 12 For theyeat enqkd 31 hlgrth aY23 31 Marth 3)23 Regtr- Total 31 March 22 Totxl DontKJns & I£gcies 41.798 41.798 127.T18 127,778 41,798 41.798 IZ7,778 127.778 He2t& ]i8hts 1731 19.724 1731 19.724 252 25290 Iosurance Wxtet rates Ovet5eas donation5 478 478 Tdepllone 759 759 547 BadE 2nd WldY char8es 34 34 Support cts. Sunthy Expcttses lJ98 iJ98 lJ98 iJ98 427 427 427 427 7Q810 NET COmE FUNDS BROUGHT FORWARD 147563 147.563 70.753 70,753 157252 147,563 I4763
Page 13 N(yfES TO THE ACCOUNTS T(YTAL Balaoce xt 31 March 2022 Net income B212nce at 31 M2tcb 2013 147563 147.563 9.689 157252 157252 8. CONfROILING PARTY chlty in uttht the shate c(¥nttol of Tmtstets naxned on p38e l of &e ac01nt 9. RELATED PARTY TRANSACTION There h&$ been no traIL$ with the tnts duutig the year in fornL (2022 n